SG Americas Securities LLC increased its stake in shares of Sensient Technologies Corporation (NYSE:SXT – Free Report) by 79.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,176 shares of the specialty chemicals company’s stock after buying an additional 9,807 shares during the period. SG Americas Securities LLC owned about 0.05% of Sensient Technologies worth $2,083,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Diversified Trust Co. grew its holdings in shares of Sensient Technologies by 68.8% in the 4th quarter. Diversified Trust Co. now owns 7,162 shares of the specialty chemicals company’s stock worth $673,000 after acquiring an additional 2,920 shares during the period. Covea Finance raised its holdings in Sensient Technologies by 17.1% during the fourth quarter. Covea Finance now owns 95,300 shares of the specialty chemicals company’s stock worth $8,953,000 after purchasing an additional 13,900 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Sensient Technologies by 47.5% during the third quarter. JPMorgan Chase & Co. now owns 98,683 shares of the specialty chemicals company’s stock worth $9,261,000 after purchasing an additional 31,777 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in Sensient Technologies during the third quarter worth $4,142,000. Finally, AIA Group Ltd acquired a new stake in Sensient Technologies in the third quarter valued at $1,844,000. 90.86% of the stock is owned by hedge funds and other institutional investors.
Sensient Technologies Stock Performance
NYSE SXT opened at $92.17 on Friday. Sensient Technologies Corporation has a fifty-two week low of $67.79 and a fifty-two week high of $121.54. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 29.17 and a beta of 0.62. The business has a fifty day moving average of $92.69 and a 200-day moving average of $94.31. The company has a quick ratio of 1.53, a current ratio of 4.10 and a debt-to-equity ratio of 0.59.
Sensient Technologies Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 3rd were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, February 3rd. Sensient Technologies’s dividend payout ratio (DPR) is currently 51.90%.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on SXT. UBS Group assumed coverage on Sensient Technologies in a research note on Wednesday. They set a “buy” rating and a $115.00 price target for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Sensient Technologies in a report on Monday, December 29th. Finally, Zacks Research cut shares of Sensient Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $111.67.
Check Out Our Latest Stock Report on SXT
About Sensient Technologies
Sensient Technologies Corporation is a global leader in the manufacture and supply of colors, flavors and fragrances for a broad range of end-markets. The company develops and produces ingredients that enhance the appearance, taste and scent of products in the food, beverage, nutraceutical, pharmaceutical, personal care and household sectors. Its portfolio includes natural and synthetic colorants, botanical and artificial flavor systems, fragrance compounds and specialty chemical offerings tailored to customer specifications.
Within its flavor and fragrance division, Sensient provides custom formulations for sweet, savory and umami taste profiles along with fragrance blends for personal care and cosmetic applications.
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